Maine- Real Estate- Final Examination
With 100% Actual Detailed Answers 2026
Updated.
An adequate legal description of real estate is one: - Answer by which a reasonable person can
determine what property is described - the legal description is legally "adequate" if a
reasonable person could identify the property based on the description.
Ownership of real estate includes:
a.) Rights to use the surface, subsurface and airspace over the land
b.) Fixtures
c.) Naturally growing tree growing on the land
d.) All of the above - Answer D.) All of the above
Subsurface rights in real estate include the rights to:
a.) Sell minerals
b.) Dig a well
c.) Construct a foundation
d.) All of the above - Answer d.) All of the above - sub-surface rights include all the rights to
sell whatever minerals there may be as well as to use the land below the surface.
The right of a landowner and his/her heirs to occupy a parcel of real estate forever is called a:
a.) Qualified fee
b.) Life estate
c.) Estate in fee simple absolute
d.) Indeterminable estate - Answer c.) Estate in fee simple absolute - Fee, fee simple, or fee
simple absolute are interchangeable terms that describe the largest estate in land, and the one
that is most commonly brokered by real estate licensees.
If three individuals are joint tenants of a piece of real estate and one of the joint tenants dies,
the remaining two tenants take what was owned by the deceased because of:
a.) Unity of title
b.) The intent of the grantor
c.) The right of survivorship
d.) Coparcenary - Answer c.) The right of survivor ship - it is the right of survivorship inherent
in that form of ownership that results in the transfer of title.
,If two people are tenants in common and one of them dies, then the:
a.) Property owned by the deceased is subject to the Uniform Simultaneous Death Act
b.) Remaining co-tenant takes through survivorship
c.) Interest of the deceased passes according to his (her) will
d.) None of the above - Answer c.) Interest of the deceased passes according to his (her) will
Should the owner of a unit in a condominium be unable to meet his or her mortgage payments,
the bank's foreclosure will:
a.) Become a liability of the condo developer
b.) Force other unit owners to come up with the money in order to protect their investment
c.) Not affect the other owners
d.) Both a and c - Answer c.) Not affect the other owners - Each unit owners mortgages his
(her) own unit independently of the others. The developer is no affected by the loan of one unit
owner.
A purchased of a two family home will want to know what kind of lease the tenant has in order
to know whether he/she can:
a.) Raise the rent
b.) Evict the tenant
c.) Change the terms of the lease on short notice
d.) All of the above - Answer d.) All of the above
Which of the following leasehold tenancies must be in writing?
a.) Tenancy at will
b.) Tenancy at sufferance
c.) Estate for years
d.) Tenancy in common - Answer c.) Estate for years
A landlord who wants to remove a tenant who is behind in his/her rent should:
a.) Change the locks to the apartment
b.) Turn off the heat and hot water
c.) Bring a suit for eviction
d.) Any of the above - Answer c.) Bring a suit for eviction - The only way to evict a tenant is to
bring a lawsuit called a forcible entry and detainer (FED) and get a court order to give to a
sheriff to bodily remove the tenant.
In Maine, the warranty of habitability applies to:
,a.) Non-owner occupied apartments
b.) Professional managed apartment buildings only.
c.) Government supported housing only
d.) All rented apartments - Answer d.) All rented apartments
A landlord may take a security deposit of up to:
a.) One month's rent
b.) Two month's rent
c.) Three month's rent
d.) Any amount the landlord requires - Answer b.) Two month's rent
What is the most reliable source of information about radon in the air?
a.) Seller's opinion
b.) Information about radon in the neighborhood
c.) Ask the radon testing company if they have tested the property
d.) A recent radon test - Answer d.) A recent radon test - Since disclosure of hazardous
materials is required by MREC rules, and because agents representing buyers should advise
them on the potential hazards of radon, it is important to recognize where the most reliable
source of radon information comes from.
What is the most reliable source of information about lead paint in a property ?
a.) Age of the property
b.) Visual inspection
c.) Lead paint test
d.) Seller's opinion - Answer c.) Lead paint test - Since disclosure of hazardous materials is
required by MREC rules, and because agents representing buyers should advise them on the
potential hazards of radon, it is important to recognize where the most reliable source of radon
information comes from.
Where is the most reliable information regarding boundaries found?
a.) Town zoning map
b.) Town tax map
c.) Mortgage inspection survey
d.) In the deed to the property which is recorded in the county's registry of deeds - Answer d.)
In the deed to the property which is recorded in the county's registry of deeds -
, When a condo unit is resold, the buyer is entitled to a Resale Certificate. A buyer may declare
the purchase contract void for days after receipt of the certificate.
a.) 3 days
b.) 5 days
c.) 7 business days
d.) 10 days - Answer b.) 5 days - Five days is specifically provided in the Maine Condominium
Act
A property owner owns real estate including everything from:
a.) North to south to east to west
b.) From the center of the earth to the surface
c.) From the surface to 100 feet in the air
d.) From the center of the earth to the highest of the heavens - Answer d.) From the center of
the earth to the highest of the heavens
Ownership interests in land are called:
a.) Freehold estates
b.) Leasehold estates
c.) Remainders or reversions
d.) Determinable estates - Answer a.) Freehold estates - This is simply the definition of
ownership interests
One way a developer can limit the use of land upon which he places a development is to use:
a.) LUPC
b.) DEP
c.) Zoning ordinances
d.) Private restrictions or restrictive covenants - Answer d.) Private restrictions or restrictive
covenants - All other answers are governmental limitations on private property rights
A claim of ownership rights can be acquired by:
a.) license
b.) adverse possession
c.) The Doctrine of Non-conforming Uses
d.) None of the above - Answer b.) Adverse possession
Which of the following would make title to real estate unmerchantable ?
With 100% Actual Detailed Answers 2026
Updated.
An adequate legal description of real estate is one: - Answer by which a reasonable person can
determine what property is described - the legal description is legally "adequate" if a
reasonable person could identify the property based on the description.
Ownership of real estate includes:
a.) Rights to use the surface, subsurface and airspace over the land
b.) Fixtures
c.) Naturally growing tree growing on the land
d.) All of the above - Answer D.) All of the above
Subsurface rights in real estate include the rights to:
a.) Sell minerals
b.) Dig a well
c.) Construct a foundation
d.) All of the above - Answer d.) All of the above - sub-surface rights include all the rights to
sell whatever minerals there may be as well as to use the land below the surface.
The right of a landowner and his/her heirs to occupy a parcel of real estate forever is called a:
a.) Qualified fee
b.) Life estate
c.) Estate in fee simple absolute
d.) Indeterminable estate - Answer c.) Estate in fee simple absolute - Fee, fee simple, or fee
simple absolute are interchangeable terms that describe the largest estate in land, and the one
that is most commonly brokered by real estate licensees.
If three individuals are joint tenants of a piece of real estate and one of the joint tenants dies,
the remaining two tenants take what was owned by the deceased because of:
a.) Unity of title
b.) The intent of the grantor
c.) The right of survivorship
d.) Coparcenary - Answer c.) The right of survivor ship - it is the right of survivorship inherent
in that form of ownership that results in the transfer of title.
,If two people are tenants in common and one of them dies, then the:
a.) Property owned by the deceased is subject to the Uniform Simultaneous Death Act
b.) Remaining co-tenant takes through survivorship
c.) Interest of the deceased passes according to his (her) will
d.) None of the above - Answer c.) Interest of the deceased passes according to his (her) will
Should the owner of a unit in a condominium be unable to meet his or her mortgage payments,
the bank's foreclosure will:
a.) Become a liability of the condo developer
b.) Force other unit owners to come up with the money in order to protect their investment
c.) Not affect the other owners
d.) Both a and c - Answer c.) Not affect the other owners - Each unit owners mortgages his
(her) own unit independently of the others. The developer is no affected by the loan of one unit
owner.
A purchased of a two family home will want to know what kind of lease the tenant has in order
to know whether he/she can:
a.) Raise the rent
b.) Evict the tenant
c.) Change the terms of the lease on short notice
d.) All of the above - Answer d.) All of the above
Which of the following leasehold tenancies must be in writing?
a.) Tenancy at will
b.) Tenancy at sufferance
c.) Estate for years
d.) Tenancy in common - Answer c.) Estate for years
A landlord who wants to remove a tenant who is behind in his/her rent should:
a.) Change the locks to the apartment
b.) Turn off the heat and hot water
c.) Bring a suit for eviction
d.) Any of the above - Answer c.) Bring a suit for eviction - The only way to evict a tenant is to
bring a lawsuit called a forcible entry and detainer (FED) and get a court order to give to a
sheriff to bodily remove the tenant.
In Maine, the warranty of habitability applies to:
,a.) Non-owner occupied apartments
b.) Professional managed apartment buildings only.
c.) Government supported housing only
d.) All rented apartments - Answer d.) All rented apartments
A landlord may take a security deposit of up to:
a.) One month's rent
b.) Two month's rent
c.) Three month's rent
d.) Any amount the landlord requires - Answer b.) Two month's rent
What is the most reliable source of information about radon in the air?
a.) Seller's opinion
b.) Information about radon in the neighborhood
c.) Ask the radon testing company if they have tested the property
d.) A recent radon test - Answer d.) A recent radon test - Since disclosure of hazardous
materials is required by MREC rules, and because agents representing buyers should advise
them on the potential hazards of radon, it is important to recognize where the most reliable
source of radon information comes from.
What is the most reliable source of information about lead paint in a property ?
a.) Age of the property
b.) Visual inspection
c.) Lead paint test
d.) Seller's opinion - Answer c.) Lead paint test - Since disclosure of hazardous materials is
required by MREC rules, and because agents representing buyers should advise them on the
potential hazards of radon, it is important to recognize where the most reliable source of radon
information comes from.
Where is the most reliable information regarding boundaries found?
a.) Town zoning map
b.) Town tax map
c.) Mortgage inspection survey
d.) In the deed to the property which is recorded in the county's registry of deeds - Answer d.)
In the deed to the property which is recorded in the county's registry of deeds -
, When a condo unit is resold, the buyer is entitled to a Resale Certificate. A buyer may declare
the purchase contract void for days after receipt of the certificate.
a.) 3 days
b.) 5 days
c.) 7 business days
d.) 10 days - Answer b.) 5 days - Five days is specifically provided in the Maine Condominium
Act
A property owner owns real estate including everything from:
a.) North to south to east to west
b.) From the center of the earth to the surface
c.) From the surface to 100 feet in the air
d.) From the center of the earth to the highest of the heavens - Answer d.) From the center of
the earth to the highest of the heavens
Ownership interests in land are called:
a.) Freehold estates
b.) Leasehold estates
c.) Remainders or reversions
d.) Determinable estates - Answer a.) Freehold estates - This is simply the definition of
ownership interests
One way a developer can limit the use of land upon which he places a development is to use:
a.) LUPC
b.) DEP
c.) Zoning ordinances
d.) Private restrictions or restrictive covenants - Answer d.) Private restrictions or restrictive
covenants - All other answers are governmental limitations on private property rights
A claim of ownership rights can be acquired by:
a.) license
b.) adverse possession
c.) The Doctrine of Non-conforming Uses
d.) None of the above - Answer b.) Adverse possession
Which of the following would make title to real estate unmerchantable ?
